13-Posdata Co - (POSDATA-CHINA) and Signing MOUs with Intel...

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Posdata Co., ltd (Unit: 100 Mil. Won) Year Dec 31 st 2004 Dec 31 st 2005 Dec 31 st 2006 Dec 31 st 2007 Mar 31 st 2008 Revenue 3,424 .7 3,200 .9 3,379 .4 3,652 .4 715. 9 Percentage Change -6.53% 5.58% 8.08% -21.60% COGS 3,025 .3 2,840 .0 2,975 .7 3,170 .1 613. 8 Percentage Change -6.13% 4.78% 6.53% -22.55% Gross Profit 399. 4 360. 9 403. 7 482. 3 102. 1 Percentage Change -9.64% 11.86% 19.47% -15.32% Posdata Co., ltd was down 6.53% in revenue in 2005 from 2004. This was due to the “Price war” has started in China, one of the lowest-cost country in the World which has blocked growth for the company by two reasons: the first is domestic price competition; the second is severe competition from China. However, in 2006 the company had plan to cope with that situation by established overseas subsidiary in China
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Unformatted text preview: (POSDATA-CHINA) and Signing MOUs with Intel and Reigncom for Business Cooperation, rebounded 5.58% in 2006. Posdata refocus on the core security equipment business with an emphasis on new product development. Through this product development process, Poswatch Pro II was launched as brand new products with innovative new features and resulted 8.08% revenue growth rate in 2007 for more than $US 328 million revenue. In the first quarter of 2008 with the Worldwide economic slump, Posdata anticipated its effect and decrease -22.55% from 2007....
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This note was uploaded on 09/07/2010 for the course MGMT MTG508 taught by Professor Leepickler during the Spring '09 term at Northcentral.

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